Singapore’s households and businesses have sufficient financial buffers to weather potential shocks, according to the Monetary Authority of Singapore’s latest Financial Stability Review.

But the outlook isn’t without risks. MAS says around 1% of borrowers could face negative cash flow under a severe stress scenario, while 32% of Singapore-listed companies were assessed to be at risk, accounting for 16% of overall corporate debt.

With inflation proving sticky, energy prices under pressure and uncertainty around global growth and AI investment, how resilient is Singapore’s financial system and what should households and businesses be watching?

On The Big Story, Hongbin Jeong speaks with Dr Chua Yeow Hwee, Assistant Professor in Economics at the Nanyang Technological University, and Honorary Secretary of the Economics Society of Singapore, to find out more.